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For rent: Luxury American Cottage house in the Laddarom Elegance Project, City Hall, Chiang Mai, 360 degree Doi Suthep view. Spacious living room There are glass windows all around. Makes the house open and airy to the eye You can see a clear view of the garden outside the house. Land area 105 square wah Usable area 500 square meters 4 bedrooms, 5 bathrooms 1 bedroom, 1 bathroom, maid Western kitchen, Thai kitchen, laundry room Parking for 3-4 cars.
The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
After you have found the right property at Laddarom Elegance you have to follow these steps:
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.